US market closed mixed as Dow Jones and S&P 500 continued to rally while the technology index Nasdaq declined. Investors are responding to the Federal Reserve’s new inflation strategy where the central bank will allow inflation to run above its 2% target. This was taken as a signal that the current near 0% interest rate will be maintained for the foreseeable future.
The sentiment from the Fed will also be a catalyst of JCI’s movement. However, investors should be cautious to potential profit taking action at the end of the week after market has rallied for 4 consecutive days.
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